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Forex: EUR/USD eyes 1.3100 after Italian data

By FXstreet.com,  January 09, 2013, 04:13:00 AM EDT

FXstreet.com (Barcelona) - The single currency is gathering some traction after the Italian public deficit/GDP rose 1.8% during the third quarter, below the previous +2.4% (revised). The result seems to have woken up investors, as the cross is up ticking towards the key resistance at 1.3100

At the moment the cross is up 0.07% at 1.3090 with the next hurdle lying at 1.3140 (high Jan.8) ahead of 1.3144 (MA10d) and 1.3161 (MA21d).
On the opposite side, a breakdown of 1.3058 (low Jan.8) would lead to 1.3036 (Lower Bollinger) and then 1.3018 (low Jan.7).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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